United States United Kingdom Australia Canada (English) Canada (French) France Singapore South Africa Global Ireland
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
RupaPodila
Level 1
posted
‎July 26, 2024 03:39 AM
last updated ‎July 26, 2024 3:39 AM

Business Car Purchase Using Partial Personal Funds

Hi Team,

Can you please help me with how to record these transactions in QuickBooks?

I purchased a car for my business for $38,000. I used $30,000 from the business account and $8,000 from my personal account. How should I record these transactions in QuickBooks for bookkeeping purposes? Note that I only have my business account connected to QuickBooks.

Regards,
Rupa

Reply Join the conversation
2 Comments 2
FateCandylaneT
QuickBooks Team
QuickBooks Team
‎July 26, 2024 04:31 AM

Business Car Purchase Using Partial Personal Funds

We've got the detailed steps to help you record business expenses you made with personal funds, RupaPodila.

 

I've seen that you've posted twice in this forum with the same concern. Don't worry, my colleague has already provided a solution for you to guide you in managing your deposits. Feel free to visit this link: https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/business-car-purchase-using....

 

We'll keep this thread available for any additional queries you have when managing these transactions in your QuickBooks account. Keep safe and have a great day ahead!

Reply Join the conversation
Deity Alpha
Level 7
‎July 26, 2024 04:37 AM

Business Car Purchase Using Partial Personal Funds

@RupaPodila 

You can use a free billing management app to sync with QBO and reimburse your business expense to your personal account.

 

Reply Join the conversation
Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.
Featured
Top 5 - Year End 1099's
Hello and welcome to another Top 5! This time around, we will be focusing o...
Read more
Important Payroll Year End Dates
Read more
The Answer Room: Year-End Deadlines & Self-Employed Tax Preparation
As we continue through the heart of tax season, there are a handful of date...
Read more

Need to get in touch?

Contact us